Value for money applies in a free market (free competition) comprised of
fair transactions, buyers dictate final decision to choose products of whatever quality, specs or country of origins based on their own
affordability. Looking from the supply side, with world's largest patents and industrial design registrations (check
WIPO data in the link below), China Inc does offer products of wide quality-price ranges, countries of various
income levels are free to select according to their own characteristics.
On HSR, surely India is potentially a large market given the population size, well it all depends on subsequent actual income/affordability levels. With established position, whatever the size could be
Japan will definitely dominate this market, all the best! I am not sure whether Japan will beat China, the two rivals have quite different set of priorities, after all the result depends very much on
performances of their respective markets, business is business.
HTML:
http://www.wipo.int/edocs/pubdocs/en/wipo_pub_941_2014.pdf